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UnavailableAlchemists of Loss: How modern finance and government intervention crashed the financial system
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Alchemists of Loss: How modern finance and government intervention crashed the financial system

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Currently unavailable on Scribd

Alchemists of Loss: How modern finance and government intervention crashed the financial system

ratings:
3/5 (1 rating)
Length:
434 pages
9 hours
Publisher:
Released:
Aug 4, 2011
ISBN:
9780470972083
Format:
Book

Description

An engaging look at how modern finance almost destroyed our global economy

Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy.

In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers.

  • Breaks down the events involved in the 2007-08 financial collapse
  • Reveals how botched policy response made a bad situation worse
  • Focuses on lessons that the practice of finance must learn from recent events

The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.

Publisher:
Released:
Aug 4, 2011
ISBN:
9780470972083
Format:
Book

About the author

Kevin Dowd is Professor of Finance and Economics at Durham University and a member of the Academic Advisory Council of the Institute of Economic Affairs. His books include New Private Monies – A Bit-Part Player? (IEA, 2014); Private Money: The Path to Monetary Stability (IEA, 1998); The State and the Monetary System (Philip Allan, 1989); Laissez-Faire Banking (Routledge, 1992); Competition and Finance: A Reinterpretation of Financial and Monetary Economics (Macmillan, 1996); and, with Martin Hutchinson, Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System (Wiley, 2010).


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